Guideline Value for SANTRO CITY PHASE - II

Santro City Phase - II guideline value

The current guideline value of Santro City Phase - II is Rs 2,310 per sq.ft, effective from 1 July 2024. This property is located in Chembarambakkam village, under the Poonamallee SRO, and is classified as Residential Class I Type - III.

How the guideline value of Santro City Phase - II has changed

The guideline value for Santro City Phase - II has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 2,100 per sq.ft, which increased to Rs 2,310 per sq.ft in the 2024 revision, reflecting a change of +10%.

Prior to the 2023 revision, the register does not provide figures for this street. The 2024 revision shows an increase from the previous year, indicating a notable change in the guideline value.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Santro City Phase - II's guideline value above this median.

• Santro City: Rs 1,540 per sq.ft (2024)
• Sathya Nagar: Rs 1,540 per sq.ft (2024)
• Shanthi Bhavanam: Rs 1,095 per sq.ft (2024)
• Sidco: Rs 1,095 per sq.ft (2024)
• Sidco 75/1a, 1b: Rs 1,095 per sq.ft (2024)
• Raj Temple City: Rs 1,095 per sq.ft (2024)

Stamp duty and registration fee for property in Santro City Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total cost for these fees to Rs 2,07,900. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Santro City Phase - II?

The Santro City Phase - II falls under the jurisdiction of the Poonamallee Sub Registrar Office located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Chembarambakkam

The guideline value is a crucial factor in the registration process for property transactions in Chembarambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs that need to be considered by both buyers and sellers. It is important to be aware of the current guideline value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value for Santro City Phase - II?

The current guideline value for Santro City Phase - II is Rs 2,310 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 2,100 per sq.ft in 2023 to Rs 2,310 per sq.ft in 2024, which is a change of +10%.

What is the land classification for Santro City Phase - II?

Santro City Phase - II is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Santro City Phase - II?

The Sub Registrar Office covering Santro City Phase - II is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 23,10,000, the total fees would amount to Rs 2,07,900.